China’s Q1 GDP estimate cut to -9% vs. +2.5% previous – Goldman Sachs

After downgrading the US GDP growth forecasts on Sunday, the Goldman Sachs economists cut China Q1 2020 as well as full-year growth estimates, in light of the coronavirus-led economic disruptions.

Key quotes

Q1 GDP estimate for China slashed to -9% YoY from +2.5% previously.

China's full-year 2020 GDP growth forecast cut to 3% from 5.5% previously.